potential 4hr chart ascending triangle bull pennant. Target 1.54
4hr chart bullflags will get nullified way more often than ones on the 1 day time frame or bigger...however considering we will likely trigger the larger timeframe inv h&s pattern that had a target of $1.48 I could see this 4 hr chart pattern playing out rather well despite the higher percentage of fakeouts or nullified bull pennants we find on the smaller time frames. Of course either outcome is possible until we confirm a break one way or the other but probability currently favors the bullish outcome. *not financial advice*
Note
one other thing to add inside the pennant is a small cup and handle pattern as well probably easier to see on a 1hr chart. The flag's inner cup and handle has a targeted measured move of $1.30Note
target hit!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.